Question: Cash flows from operating activities are both inflows and outflows of cash that result from activities reported in the income statement. 1. The net cash

Cash flows from operating activities are both inflows and outflows of cash that result from activities reported in the income statement.

1. The net cash flows from operating activities are ____________ the net income reported in the income statement.

2. The amount of net cash flows from operating activities reported using the firect method is _____________ the amount reported using the indirect method.

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